Search Results for: Alibaba

Asia's richest man Mukesh Ambani adds $16.5 billion to his fortune in 2019

Mukesh Ambani is the 12th richest person in the world, with around $61 billion of net worth as of Tuesday.

Dec 24, 2019

One97 communications, paytm, paytm to invest rs 12,000 crore, Softbank to invest in paytm, paytm digial wallet company, fintech companies in india, paytm investors

SoftBank-backed Paytm raises $660 million from Alibaba arm Alipay, others

This is SoftBank-backed Paytm's second fundraise after the Japanese tech investment giant and other backers such as Ant Financial and T Rowe Price Associates pumped in $1 billion last month

Dec 13, 2019

Saudi Aramco tops $2 trillion, defying valuation sceptics

The Saudi Crown Prince has made the Aramco initial public listing (IPO) the centrepiece of his plan to diversify the Kingdom's economy away from its dependence on oil production by using the $25.6 billion raised to develop other sectors.

Dec 12, 2019

Saudi oil giant Aramco announces world's largest IPO

Aramco had previously announced that its shares would not be offered in the United States, Australia, Canada or Japan.

Dec 6, 2019

China's facial recognition rollout reaches into mobile phones, shops and homes

The MIIT did not say which companies will provide the telecoms providers with these services but China is home to some of the world's leaders in facial recognition software

Dec 3, 2019

Sanjay Kumar: A social entrepreneur with a great appetite for success

If everything is under control, you are not going fast enough

Nov 26, 2019

paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

Paytm secures $1 billion in latest funding round, T. Rowe Price joins as investor

Paytm plans to invest ₹10,000 crores over the next three years to bring financial inclusion to areas, which are yet to get traction.

Nov 25, 2019

Alibaba plans to raise $20 billion in a blockbuster Hong Kong listing

Alibaba Singles' Day sales logs 5.44 lakh orders per second

Alibaba Cloud,' the data intelligence backbone of the company, successfully handled peak order rate of 5.44 lakh per second during the 24-hour "11.11 global shopping festival" that recorded $38.4 billion gross merchandise volume.

Nov 19, 2019

Saudi Aramco IPO: Oil giant may beat valuation shock with record stake sale

Saudi national oil company Aramco lowers valuation target to $1.71-trillion from earleir $2 trillion; 1.5% stake sale could still top Alibaba's $25-billion IPO to become the world's biggest.

Nov 18, 2019

Saudi Arabia, Aramco, Saudi Aramco, Saudi Arabia oil and gas

Saudi Aramco IPO set to value company up to $1.7 trillion

Aramco could just beat the record-breaking $25 billion raised by Chinese e-commerce giant Alibaba.

Nov 17, 2019

jack ma, alibaba, chinese startups, jack ma paytm, indian startups

Alibaba Singles' Day sales jump 24.3% to $38.3 bn, sets new record

The high-double digit growth in the Global Shopping Festival, branded as Double 11, holds high hopes for the Chinese economy which has slowed down in the wake of global trade war and sagging demand.

Nov 12, 2019

Alibaba Singles' Day sales jump 25% in first 9 hours to $23 billion

Alibaba netted online sales worth $30 billion across its platforms on Singles' Day last year, dwarfing Cyber Monday's $7.9 billion.

Nov 11, 2019

Saudi Aramco proposes mammoth expansion in India; to purchase 20% stake in RIL oil, chemicals

Aramco has entered into a non-binding letter of intent with Reliance Industries Limited on August 12, 2019, to purchase a 20 per cent stake in its oil to chemicals division.

Nov 11, 2019

saudi aramco, aramco ipo, aramco public issue

Saudi Aramco prospectus flags risks, gives few details on IPO size

The more than 600-page prospectus did not include details of how much of the company would be floated in total.

Nov 10, 2019

Amid losses, Paytm in talks with T Rowe Price for $1 billion funding

Paytm has been scouting for investors and shore up funds since the beginning of the year amid increasing loss and competition in the digital payments segment posed by Google Pay and Walmart-owned PhonePe.

Oct 15, 2019

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